Posted on 2012/10/09
Found this at American Kabuki. I admire the balls on all these fine people who “intruded”.
The Investment Banking Awards are the Oscars of the financial world.
Dished out for so-called ‘innovation’, some of the world’s richest
bankers gather together to congratulate each other on devising ever more
creative ways to make obscene sums of money.
One of 2012′s most profitable scams was the bankers’ ‘innovative’
approach to a key interest rate called LIBOR. Virtually every bank at
the event was involved in illegally colluding to rig LIBOR, ensuring
that they would always be the winners in the multi-million pound bets
they were making on the markets.
When we noticed that this money-spinner had been overlooked in the
ceremony, we decided to show up and make sure the LIBOR-riggers got the
recognition they deserve.
Thanks to: http://kauilapele.wordpress.com